Fed’s George Confident on Inflation, Balance Sheet, FOMC and Growth

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    Super Harley

    Yes we believe the Fed – they have so accurate – they have made the wealthier wealthier and the banks whole in many places – that’s right they are NOT the peoples bank which most people fail to realize.


    I think most people DO realize the Federal Reserve is not the “We the People”‘s bank – I think they just feel impotent to do anything after 8 years of being beat down.


    I think a fair do who invest directly believe they are bankers and as such render them impotent but a day say the masses believe they are safe guarding them as Blarney offers.

    For mine I think they are making it up as they go along!


    If the USA went bankrupt tomorrow
    the military is prioritize to protect the Federal Reserve over the people

    I can go full tinfoil hat on ya and breakdown what that means
    the use of FEMA camps, etc but one should never go full tinfoil hat.


    More comments from George today after GDP:

    Appropriate to continue gradual rate hikes
    Q2 was a good rebound from Q1
    Economy will continue to grow over next few years
    Seeing a brighter outlook for growth around the world
    US economy is in reasonably good shape today


    The Fed’s preferred measure of inflation

    US August PCE core +1.3% y/y vs +1.4% expected, Prior +1.4%
    Core m/m +0.1% vs +0.2% expected, Prior core m/m +0.1%
    PCE deflator +1.4% vs +1.5% expected, Prior deflator +1.4% y/y
    Deflator m/m +0.2% vs +0.3% expected

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